Prime Cost — Meaning, Formula, Importance And More
Oct 5, 2021
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What is Prime Cost?
Prime Cost (or Flat Cost or First Cost) in managerial accounting is the direct cost that the company incurs in manufacturing a product or providing a service.
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What is Prime Cost?
Prime Cost (or Flat Cost or First Cost) in managerial accounting is the direct cost that the company incurs in manufacturing a product or providing a service.
